Realogy Dodges A Bullet; Future Looks Good

Almost a year ago, at a time when various folks in finance and real estate were ready to write eulogies for Realogy, I spent a few posts arguing that the rumors of Realogy's demise were ahh... premature.  My basic point then was that the bondholders of Realogy have very little incentive to push Realogy into bankruptcy:

The reason isn’t that I know someth…